You Adapt, Evolve, Compete Or Die.

Don't Be A Hero. Don't Have An Ego. Always Question Yourself And Your Ability. Don't Ever Feel That You Are Very Good. The Second You Do, You Are Dead.

Don't Be A Hero. Don't Have An Ego.

If I Have Positions Going Against Me, I Get Right Out; If They Are Going For Me, I Keep Them Risk Control Is The Most Important Thing In Trading. If You Have A Losing Position That Is Making You Uncomfortable, The Solution Is Very Simple: Get Out, Because You Can Always Get Back In.

My Off-the-cuff Remarks At The University Of Virginia Were With Regard To Global Macro Traders, Who Are On-call 24/7 And Of Whom There Are Likely Only A Few Thousand Successful Practitioners In The World Today. Macro Trading Requires A High Degree Of Skill, Focus And Repetition. Life Events, Such As Birth, Divorce, Death Of A Loved One And Other Emotional Highs And Lows Are Obstacles To Success In This Specific Field Of Finance.

The Secret To Being Successful From A Trading Perspective Is To Have An Indefatigable And An Undying And Unquenchable Thirst For Information And Knowledge.